MFT future

I am sure this topic has been discussed here a lot but I just wanted to bring it up anyways given that Fuji recently announced that their newer cameras won't be MFT.

So have Panny and Oly failed to convince other camera manufacturers to get on board with this standard? I know there are many lens partners but when it comes to making a nice sensor and bodies, does it come down only to Panny and Oly? With instability at Oly how does everybody feel about the future on this format?

With NEX line, sony has shown that a compact camera can be made out of a much larger APS-C sensor so obviously any new maker is likely to choose that format rather than MFT.

As a new user who is considering buying into MFT system it worries me a bit. Are my fears unfounded?